Problem related to fd intrest
This query is : Resolved
Harish Singh
(Querist)
18 July 2013
it is compulsory to show FD interest as a income during income tax return .eg FD deposit date 12.04.2012 & maturity date 05.08.2013 if yes in which year i take as a income
CA PARAS BAFNA
(Expert)
18 July 2013
It is better to consider FD interest on accrual basis. In the above case interest from 12.04.2012 to 31.03.2013 has to be calculated.
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You may obtain Interest Certificate also from the Bank.
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In case of TDS, it is easier to claim the credit.
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You may obtain Interest Certificate also from the Bank.
.
In case of TDS, it is easier to claim the credit.
.
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